Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita) announces that it has been selected as a corporate partner in a project to develop the Northern Yashio Hub Urban Development Promotion District in Saitama Prefecture and concluded a partnership agreement with the municipal government of Yashio on March 31, 2025.

The area around the Higashi-Saitama Road and the Tokyo Gaikan Expressway in the northern area of Yashio is positioned as a northern hub forming a regional core in high-level plans that include the 5th Yashio Municipality Comprehensive Plan. These plans seek to form an industrial hub through the introduction of retail facilities, logistics business facilities, and manufacturing facilities, while engaging in wide-area collaboration and functional enhancements including the development of the Gaikan Yashio Parking Area (tentative name) and the Gaikan Yashio Smart Interchange (tentative name) that leverage excellent transportation access, and the aggregation of regional promotion facilities such as "Michi no Eki" roadside stations.

Through the conclusion of this agreement, Mitsubishi Corporation Urban Development, Inc. seeks to form an "industrial base that is rich in greenery and takes into account lifestyle and educational environments." Based on the approaches of plans including the Northern Yashio Hub Urban Development Promotion District Plan and the Northern Yashio Hub Urban Development Promotion District Basic Plan, the company will engage in the formulation of development plans that connect to consideration for the surrounding environment and the enhancement of regional value, and will engage in the implementation of individual development projects.

Conveniently located within 15 kilometers of the Tokyo metropolitan center, Yashio is a city featuring nature and easy accessibility to waterfront spaces due to topography surrounded by the Naka River and Ayase River. The opening of the new municipal government building in January 2024 and Tsukuba Express rapid trains began stopping at Yashio Station from March 2024 greatly enhance convenience for citizens, with further advances in urban planning expected. Making "coexistence and cooperation" and "safety and peace of mind" the basic principles behind its urban planning, Yashio aims to become "number one in livability" and a place where citizens are proud to live and stay.

Taking "To nurture the future of urban spaces through our power to imagine and realize change" as its stated Purpose, Mitsubishi Corporation Urban Development, Inc. engages in real estate and urban development unbound by convention, primarily in the industrial, retail, and entertainment domains. In the industrial domain, the company works in the area of dry logistics warehouses as well as the development of automated and other refrigerated and frozen warehouses. It also develops shared manufacturing/R&D facilities under the innoba brand. In the retail and entertainment domains, the company engages in the development of urban retail facilities and Neighborhood Shopping Centers (NSCs), as well as arena development and event projects at Yokohama Red Brick Warehouses. The company also undertakes large-scale urban development centered on arenas and other features. Fully leveraging the comprehensive strengths of the Mitsubishi Corporation Group, which interfaces with a vast range of industries and customers in Japan and overseas, Mitsubishi Corporation Urban Development will nurture a prosperous future for cities together with customers and partners.